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wait- you're telling me they repaid the loan out of the lowest-interest bearing account they have access to? Saved less restricted funds for other activities?
shocking, I tell ya! Shocking!
What the fuck do you think the point of that claim is?
Wow its that hard to understand is it? They used Tarp funds to Repay a small potion of the loan and then claimed they paid back the entire thing....... Ya I know its hard for you to wrap that little noggin around just doing my bit to help ya.
Apparently it IS that hard to understand because you don't get it. They used an escrow account to pay back the 5+/-B tarp loan. Why would they use profits or anything else when they can use an extremely low interest escrow while using five straight quarterly profits to expand operations?
They didn't survive without handouts.
If GM collapsed, Ford would have gone too.
Yeah, less competition would have destroyed them...
ROFL
The utter bullshit your fascists peddle is hilarious in the over-the-top absurdity.
No another SOS talking point. The loan was paid back. The stock the Gov. owns, if sold off right now would still result in a huge loss. If I remember correctly the price of the stock need to be around 50 buck per share to break even. Today it's trading around 31.
Nope.
100% unmitigated success.
The United States was on the verge of losing it's auto manufacturing base.
So Ford and all the rest Survived how without the handout's?
They didn't survive without handouts.
If GM collapsed, Ford would have gone too.
It's amazing how little some people know how these things work.
Good for me..by the way..I invested in Ford and made a killing..
So a better outcome would have been having the auto industry collapse and having former tax payers on un-employment lines?
Wow not exactly a rocket scientist are you nobody cares which funds they used
So a better outcome would have been having the auto industry collapse and having former tax payers on un-employment lines?
GM was not a solvent business and continues in insolvent business practices. A market depends on poor performers being weeded out just as much as upon solid performers thriving. In order to promote the UAW, trillions were looted from taxpayers. The result is a fascist conglomerate of the federal government (true fascism, for the democrats in the audience) and General Motors.
The best outcome for the economy would have been to let the taxpayers keep their money and GM to live within the realities of their business practices. Instead, trillions were added to the national debt, further undercutting the value of the American dollar on the world market whilst promoting inefficient and unsustainable business practices.
GM got a break with the Japan Earthquake, their competitors are severely damaged. This will give them breathing room. But the typical UAW practices will ensure that such respite is short lived.
It was the lack of supply chain that a collapse of GM would have created.
No another SOS talking point. The loan was paid back. The stock the Gov. owns, if sold off right now would still result in a huge loss. If I remember correctly the price of the stock need to be around 50 buck per share to break even. Today it's trading around 31.
So GM still owes the US tax payer until that stock can be sold...... That's all that needs to be said
GM's Profits are Still a Huge Net Loss For Taxpayers - Megan McArdle - Business - The Atlantic
This is a good story and a very bad event.
The GOP is going to have a field day with this stuff in 2012
Why couldnt have the other auto companies take over the marketshare? Or another company bought GM after bankruptcy as opposed to the government doing it?
No another SOS talking point. The loan was paid back. The stock the Gov. owns, if sold off right now would still result in a huge loss. If I remember correctly the price of the stock need to be around 50 buck per share to break even. Today it's trading around 31.
So GM still owes the US tax payer until that stock can be sold...... That's all that needs to be said
Nope.
100% unmitigated success.
The United States was on the verge of losing it's auto manufacturing base.
No another SOS talking point. The loan was paid back. The stock the Gov. owns, if sold off right now would still result in a huge loss. If I remember correctly the price of the stock need to be around 50 buck per share to break even. Today it's trading around 31.
So GM still owes the US tax payer until that stock can be sold...... That's all that needs to be said
No, they don't, as I've outlined above.
The stock can be sold today. But why would the taxpayer take a loss when they're poised to make a profit?
GM's Profits are Still a Huge Net Loss For Taxpayers - Megan McArdle - Business - The Atlantic
This is a good story and a very bad event.
The GOP is going to have a field day with this stuff in 2012
No. GM owes the tax payers nothing. The US Government bought a large amount of GM stock to infuse capital into the company.
GM paid back the loan. The government still has equity in the company.
^Neither of those is a lie.
The GOP is going to have a field day with this stuff in 2012
